Assumable Loan with 2.95% Interest Rate & 7 Years Remaining! Supplemental Loan Available

Ashton Place Apartments offers an assumable loan with a 2.95% interest rate and 7 years remaining, providing an attractive financing opportunity for investors.

Remarkable Upside Potential

Ashton Place Apartments presents a significant value-add opportunity for potential buyers. The property was constructed in 1968 and underwent an extensive renovation in 2008. By modernizing the existing classic units and updating the buildings’ exteriors, the property’s curb appeal could be enhanced, attracting new tenants and allowing for an increase in rental rates. Considering the rental rates achieved at modernized properties nearby, there is a remarkable upside potential!

Strong Rental History & 96% Occupancy!

Ashton Place Apartments boasts a strong rental history. Tenants appreciate amenities such as a kiddie pool, two swimming pools, community laundry facilities, and an 8.68-acre lot that offers ample parking. Occupancy is currently 96%, demonstrating the strong demand in the area.